Homeland Nickel Inc V.SHL

NEWS... CNC.v dividend shares

[DrNo1962]

Great news... Now we need some positive O&G or drilling news or even more positive CNC.v news to build on this momentum. Great job SHL.v. How much cash will SHL.v generate from O&G wells? We don't know yet. Three in production, two more require minimal maintenance, and 10 more suspended wells. Gotta think plan is to get all of this up and running asap.
Spruce Ridge to pay Cda Ni shares as dividend in kind 2021-07-27 11:54 ET - News Release Mr. John Ryan reports SPRUCE RIDGE DECLARES DIVIDEND-IN-KIND OF SHARES OF CANADA NICKEL COMPANY Spruce Ridge Resources Ltd.'s board of directors has declared a dividend in kind of 2.5 million of the 8.1 million common shares of Canada Nickel Company Inc. held by Spruce Ridge. The dividend is payable on or before Sept. 3, 2021 to holders of record of Spruce Ridge shares at the close of business on August 6, 2021 (the " Record Date "). This Dividend will be the second payable as the first Dividend of 2,500,000 shares were distributed In September 2020. The CNC Shares were acquired by Spruce Ridge in connection with the previously announced sale of its interest in the Crawford Nickel-Cobalt Sulphide project , details of which are contained in the Company's previous news releases issued on October 1, 2019 and February 19, 2020. Spruce Ridge has designated the Dividend to be an "eligible dividend" for the purposes of the Income Tax Act (Canada) and corresponding provincial legislation. The dividend will be taxable and non-residents of Canada will be subject to Canadian withholding taxes. S hareholders with questions regarding the tax treatment of dividends should consult with their own tax advisors or contact their local office of the Canada Revenue Agency and, where applicable, the provincial taxation authorities. The Dividend will be distributed on a pro rata basis. No fractional shares or cash in lieu thereof (or any other form of payment) will be payable under the Dividend. Any fractional interests in CNC Shares under the Dividend will be rounded up or down to the nearest whole number of shares. Based upon the number of common shares of Spruce Ridge (" Spruce Ridge Shares ") currently outstanding, and ignoring the effect of rounding for fractional interests, one (1) CNC Share will be paid under the Dividend for every 64.92 Spruce Ridge Shares held on the Record Date. It is expected that certificates evidencing the CNC Shares paid under the Dividend will be mailed to shareholders of Spruce Ridge on or shortly after August 28, 2021. Spruce warrant-holders who deliver complete exercise packages of their warrants no later than 5:00 p.m. on August 6, 2021 will be entitled to participate in the distribution. Shareholders should note that after the distribution of Canada Nickel shares to Spruce Ridge shareholders, Spruce Ridge will continue to hold 5,600,000 Canada Nickel shares . The Company has filed a Form 3E with the Exchange in respect of the Dividend, notifying the Exchange of the Record Date. About Spruce Ridge Resources Ltd. Spruce Ridge holds a 100% interest in the Great Burnt Copper-Gold Property in Central Newfoundland which covers a series of copper plus or minus gold rich VMS deposits. Spruce Ridge recently acquired certain mineral leases with petroleum and natural gas rights, plus oil and gas wells, pipelines and facilities in the Unity area of southwestern Saskatchewan. Included in the purchase are 793 ha of petroleum and natural gas rights from surface to the base of the Mannville Group with an average working interest of 84%. The purchase includes 5 active oil wells, 10 suspended oil and gas wells, heavy oil facilities, pipelines, and an active produced water disposal well. Spruce Ridge Resources sold its interest in in the Crawford Nickel-Cobalt Sulphide project to Canada Nickel Company Inc . but retained ground which contains VMS and gold targets. In 2015, Spruce Ridge optioned its Viking/Kramer gold properties in Western Newfoundland to Anaconda Mining Inc. We seek Safe Harbor. 2021 Canjex Publishing Ltd. All rights reserved.

[jakayo4]

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[retool]

Great news indeed. Amounts to a 0.05$ dividend on a 0.15$ stock. And a dividend that will keep on giving as CNC garners the interest it deserves. And SHL will still own 5.6M shares of CNC. Glad a friend put me on SHL last year. There are few no-brainers such as this out there.

[6t3manx]

I’ve been a shareholder here for awhile now ( I believe in the future of CNC and continue to feel that SHL will be a rewarding coattail rider as we move forward.  GLTA